Shares and premium

Accountancy

How to allocate 420000 for E shares and premium.... Shares are 30000 premium is 5 %

Triveni Patil

CA Inter

★ 290

01-Jul-21 13:22

648

Answers (2)

Face value is Rs. 10 and premium is 5% which comes to Rs. 10.5 Attributable to E.Shares = Rs. 4,20,000 i.e. 420000/10.5 = 40000 shares

Yoga Vishnu

CA Final

★ 11K+

01-Jul-21 13:36

Yoga Vishnu

Face value is Rs. 10 and premium is 5% which comes to Rs. 10.5 Attributable to E.Shares = Rs. 4,20,000 i.e. 420000/10.5 = 40000 shares

Yes tq sir

Thread Starter

Triveni Patil

CA Inter

★ 290

01-Jul-21 13:41